Northcoast Research Analysts Increase Earnings Estimates for Harley-Davidson, Inc. (HOG)

Harley-Davidson, Inc. (NYSE:HOG) – Equities research analysts at Northcoast Research upped their FY2017 EPS estimates for Harley-Davidson in a research report issued on Wednesday. Northcoast Research analyst S. Woolf now expects that the company will post earnings per share of $3.40 for the year, up from their previous forecast of $3.30. Northcoast Research also issued estimates for Harley-Davidson’s Q2 2018 earnings at $1.49 EPS, Q3 2018 earnings at $0.55 EPS and FY2018 earnings at $3.65 EPS.

HOG has been the subject of several other research reports. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Wedbush set a $45.00 price target on Harley-Davidson and gave the stock a “hold” rating in a research note on Sunday, October 8th. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $51.00 price target (down previously from $53.00) on shares of Harley-Davidson in a research note on Thursday, July 13th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $56.00 target price on shares of Harley-Davidson in a research note on Friday, October 13th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company’s stock. Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $52.50.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/21/northcoast-research-analysts-increase-earnings-estimates-for-harley-davidson-inc-hog.html.

Shares of Harley-Davidson (NYSE HOG) opened at 49.50 on Friday. The company has a market capitalization of $8.63 billion, a P/E ratio of 14.49 and a beta of 0.87. The company’s 50 day moving average price is $47.75 and its 200 day moving average price is $51.58. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same period in the prior year, the company earned $0.64 EPS. Harley-Davidson’s revenue for the quarter was down 11.9% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were given a $0.365 dividend. The ex-dividend date was Monday, September 11th. This represents a $1.46 annualized dividend and a yield of 2.95%. Harley-Davidson’s dividend payout ratio is currently 45.63%.

In related news, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the transaction, the chief financial officer now owns 65,722 shares in the company, valued at $3,156,627.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Harley-Davidson by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock worth $384,000 after purchasing an additional 66 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Harley-Davidson by 1.7% during the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after acquiring an additional 72 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Harley-Davidson by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $589,000 after acquiring an additional 100 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of Harley-Davidson by 2.5% during the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after acquiring an additional 102 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in shares of Harley-Davidson by 0.3% during the second quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock valued at $2,156,000 after acquiring an additional 127 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services. <

Harley-Davidson, Inc. (NYSE:HOG) – Equities research analysts at Northcoast Research upped their FY2017 EPS estimates for Harley-Davidson in a research report issued on Wednesday. Northcoast Research analyst S. Woolf now expects that the company will post earnings per share of $3.40 for the year, up from their previous forecast of $3.30. Northcoast Research also issued estimates for Harley-Davidson’s Q2 2018 earnings at $1.49 EPS, Q3 2018 earnings at $0.55 EPS and FY2018 earnings at $3.65 EPS.

HOG has been the subject of several other research reports. Zacks Investment Research lowered Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Wedbush set a $45.00 price target on Harley-Davidson and gave the stock a “hold” rating in a research note on Sunday, October 8th. BidaskClub raised Harley-Davidson from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Goldman Sachs Group Inc reaffirmed a “neutral” rating and set a $51.00 price target (down previously from $53.00) on shares of Harley-Davidson in a research note on Thursday, July 13th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $56.00 target price on shares of Harley-Davidson in a research note on Friday, October 13th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company’s stock. Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $52.50.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/21/northcoast-research-analysts-increase-earnings-estimates-for-harley-davidson-inc-hog.html.

Shares of Harley-Davidson (NYSE HOG) opened at 49.50 on Friday. The company has a market capitalization of $8.63 billion, a P/E ratio of 14.49 and a beta of 0.87. The company’s 50 day moving average price is $47.75 and its 200 day moving average price is $51.58. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The business had revenue of $962.10 million during the quarter, compared to the consensus estimate of $959.41 million. During the same period in the prior year, the company earned $0.64 EPS. Harley-Davidson’s revenue for the quarter was down 11.9% on a year-over-year basis.

The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were given a $0.365 dividend. The ex-dividend date was Monday, September 11th. This represents a $1.46 annualized dividend and a yield of 2.95%. Harley-Davidson’s dividend payout ratio is currently 45.63%.

In related news, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the transaction, the chief financial officer now owns 65,722 shares in the company, valued at $3,156,627.66. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Harley-Davidson by 0.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock worth $384,000 after purchasing an additional 66 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Harley-Davidson by 1.7% during the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after acquiring an additional 72 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Harley-Davidson by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company’s stock valued at $589,000 after acquiring an additional 100 shares in the last quarter. Annex Advisory Services LLC raised its stake in shares of Harley-Davidson by 2.5% during the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after acquiring an additional 102 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in shares of Harley-Davidson by 0.3% during the second quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock valued at $2,156,000 after acquiring an additional 127 shares in the last quarter. 91.05% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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